Metaplanet, a Tokyo-listed company, solidified its position as one of the top corporate Bitcoin holders globally with the acquisition of 696 BTC worth $67.8 million on April 1. This purchase increased the firm’s total Bitcoin holdings to 4,046 BTC valued at around ¥52.368 billion or $350 million, ranking it ninth among publicly traded companies with Bitcoin exposure. Metaplanet’s aggressive moves, including issuing 2 billion yen in bonds and being added to BetaShares’ Crypto Innovators ETF, reflect a growing institutional interest in its Bitcoin-focused investment strategy.
Metaplanet executed its latest Bitcoin purchase through a dual strategy, acquiring 645.74 BTC via put option assignments and earning an additional 50.26 BTC in premium income from those options. The firm began selling cash-secured Bitcoin put options in the first quarter of the 2025 fiscal year, generating over ¥770 million in operating revenue from premiums received. These options, sold at higher Bitcoin prices, were either exercised or expired at maturity, allowing Metaplanet to accumulate Bitcoin at favorable rates. The revenue from option premiums accounted for 25.7% of the firm’s ¥3 billion financial target for the year.
Metaplanet surpassed its expected Bitcoin Yield in Q1 2025, achieving a 95.6% yield compared to the 35% quarterly benchmark. The Bitcoin Yield Strategy, introduced last year, tracks the performance of the firm’s BTC holdings in relation to changes in share dilution, measuring how effectively the company leverages its Bitcoin reserves to enhance shareholder value. Following the announcement, Metaplanet’s stock price showed signs of recovery, increasing by 2% to approximately ¥409 after a previous decline of over 17% the previous week, according to Google Finance data.
Metaplanet CEO Simon Georvich expressed pride in the growing institutional interest in the firm’s Bitcoin-focused investment moves following the acquisition of 696 BTC. The firm’s increasing Bitcoin treasury, now valued at ¥52.368 billion or $350 million, has surpassed notable companies like Bitcoin Group and Semler Scientific, as per Bitcoin Treasuries data. The issuance of 2 billion yen in 0% ordinary bonds to purchase more BTC and inclusion in BetaShares’ Crypto Innovators ETF are part of Metaplanet’s ongoing efforts to strengthen its position as a top corporate Bitcoin holder globally.
Metaplanet’s strategic approach to Bitcoin investments, including selling cash-secured Bitcoin put options and earning premium income, has proven successful in generating operating revenue and accumulating Bitcoin at favorable rates. The firm’s ability to exceed its financial targets and achieve a high Bitcoin Yield in Q1 2025 demonstrates the effectiveness of its Bitcoin strategy. The model introduced to measure performance in leveraging Bitcoin reserves to enhance shareholder value has contributed to the firm’s stock price recovery following the announcement of its latest Bitcoin acquisition. Metaplanet’s growing institutional interest highlights its position as a key player in the global Bitcoin market.
Overall, Metaplanet’s recent acquisition of 696 BTC worth $67.8 million has solidified its position as a top corporate Bitcoin holder globally, with a total Bitcoin treasury valued at around $350 million. The firm’s strategic approach to Bitcoin investments, including selling cash-secured Bitcoin put options and exceeding financial targets, has proven successful in enhancing shareholder value. The increasing institutional interest in Metaplanet’s Bitcoin-focused investment moves reflects the company’s growing reputation as a key player in the global Bitcoin market.
